Bank Baroda- Bullish Marubozu

Oct 12, 2016

Bullish Marubozu is a candlestick pattern which has no wicks or shadows & looks like occuring in the middle of the correction
Holding 161 as key level going above 165- likely it travels in the previous high swing zone of 172-173- where it shall finish its correction & start a downside move but one thing at a time. Currently it looks upside with key support 161.

Oct 13, 2016

Trade active

09:35 Hrs 13th Oct2016

It did not hold 161 which was key level & made a low@158.10- Let me come back again

Oct 13, 2016

Trade active

13:55 Hrs 13th Oct2016

Trading@152

Pattern Failures are also one of the patterns.

That is the reason why I play with the key levels- BOB opened in 161.10 from opening session itself it was in a pressure cooker situation. Very Hot for Bulls to handle. Going above 165 would have confirmed that bulls are interested.